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6661 Chirrewa St, Westland, MI 48185

3 beds • 2 baths • 1204 sqft

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This property looks like a bad Airbnb investment with a projected -3.88% first-year return on $67,350 initial cash invested.

-3.88%

Cash On Cash

5.72%

Cap Rate

0.91

DSCR

$2,555

Rent

-$218

Cashflow

$28,560

Annual

$2,400

Median

$2,354

Avg

25

Samples

Rent insights and distributions

Investment Breakdown

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Purchase Price

$235k

Downpayment

20.0%

Interest Rate

6.9%

Mortgage Duration

30yr.

Cash To Invest

Total

$67,350

Downpayment

20%

$47,000

Closing costs

1%

$2,350

Rehab

0%

$0

Furnishing

8%

$18,000

Cashflow

Total Income

$2,555

Total Expenses

$2,773

Mortgage P&I

48%

$1,237

Property Taxes

9%

$228

Home Insurance

3%

$82

HOA

0%

$0

Property Management

15%

$383

CapEx

4%

$102

Vacancy

0%

$0

Maintenance

4%

$102

Other

25%

$639

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